RATCH Group Unveils 2025-2029 Roadmap: Renewable Energy Push and Global Expansion
RATCH Group, a leading power and energy company, has unveiled a strategic roadmap for 2025-2029. The plan focuses on power generation, energy-related businesses, and innovation, with a goal to expand investments across the entire energy value chain. The company aims to maximize value from current assets, including improving power plant efficiency and repurposing retired plants.
RATCH Australia Corporation (RAC) is playing a significant role in this expansion. It currently manages 2,095 MW capacity assets in Australia, consisting of three gas-fired power plants and nine renewable energy projects, including energy storage systems. RAC is advancing nine renewable energy and energy storage projects, with four showing notable progress.
RAC's Townsville gas-fired power plant is being repurposed with a 234-MW Synchronous Condenser project to stabilize the Queensland transmission grid. This project aligns with RATCH's commitment to strengthen its investment bases in Australia, Indonesia, Lao PDR, Vietnam, and the Philippines, and explore opportunities in Western Europe and Japan.
RAC is expected to contribute more to RATCH's consolidated revenue as planned projects achieve commercial operation. In the first half of 2025, it contributed 19%.
The '5S Strategy Framework' guides RATCH's expansion. It covers Asset Portfolio Management, Power Project Investment, Energy-Related Business Expansion, Value Creation from Retired Assets, and Corporate Venture Capital. This strategy aims to increase renewable energy capacity to 30% of total capacity by 2030 and 40% by 2035.
RATCH Group's new strategic roadmap for 2025-2029 signals a significant push towards renewable energy and energy storage systems. With RAC's key role in Australia and other regions, the company is well-positioned to meet its renewable energy targets and strengthen its global investment portfolio.
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